An AMRAAM missile during an event to unveil Denmark’s new ground-based air defense system at the Skalstrup air base, Roskilde, Denmark, on Dec. 17, 2025. James Brooks/AFP via Getty Images
As the U.S. war on Iran continues to draw down weapons stockpiles, aerospace giant Raytheon on Monday secured a multiyear contract valued at up to $20.7 billion to speed production of the Advanced Medium-Range Air-to-Air Missile, known as AMRAAM.
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